Doing Business in the Seychelles

The objectives of the subject “International Trade and Business in the Republic of the Seychelles” are the following:

1. To analyze the Seychellois Economy and Foreign Trade;
2. To know the business opportunities in the Seychelles;
3. To explore the Seychellois trade relations with the country of the student;
4. To know the Seychellois Trade Agreements;
5. To examine the profile of Seychellois companies;
6. To develop a business plan for the Seychellois market.

The Subject “Foreign Trade and Business in the Seychelles” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:

Doctorate (DIB): African Business, World Trade.

Course: Business in East Africa.

Masters (MIB): Business in Africa, Transport in Africa, International Business, Foreign Trade, International Transport.

Learning materials in or Seychelles Seychelles Seychelles.

1. Credits of the subject “Foreign Trade and Business in the Seychelles”: 2 ;
2. Duration: two weeks.

Seychellois Preferential Access and Free Trade Agreements:

1. The Seychelles and the East African Economic Area;
2. Common Market for Eastern and Southern Africa (COMESA);
3. Southern African Development Community (SADC)
   1. European Union-SADC Free Trade Agreement (FTA).
4. COMESA-EAC-SADC Tripartite Agreement;
5. African Continental Free-Trade Area (AfCFTA);
6. Indian Ocean Commission;
7. Indian-Ocean Rim Association (IORA);
8. United States-Seychelles:
   1. AGOA Act;
   2. Trade and Investment Framework Agreement (COMESA).
9. European Union-Seychelles;
   1. Africa-European Union Strategic Partnership (Cotonou Agreement);
   2. Free Trade Agreement European Union-Eastern and Southern African States (Madagascar, Mauritius, Seychelles, Zimbabwe).
10. Free Trade Agreement (FTA) with India;
11. United Kingdom-Mauritius-Seychelles-Zimbabwe Free Trade Agreement (FTA).

1. World Trade Organization (WTO)
   1. WTO General Agreement on Trade in Services (GATS);
   2. WTO Agreement on the Application of Sanitary and Phytosanitary Measures (SPS);
   3. WTO Agreement on Technical Barriers to Trade (TBT);
   4. WTO Agreement on Preshipment Inspection (PSI);
   5. WTO Agreement on Safeguards (SG);
   6. WTO Trade Facilitation Agreement (TFA).
2. World Customs Organization (WCO)
   1. Revised Kyoto Convention (RKC).
3. International Bureau of Containers and Intermodal Transport (BIC);
4. International Civil Aviation Organization (ICAO, Chicago Convention);
5. International Maritime Organization (IMO)
   1. Convention Relating to Temporary Admission (Istanbul Convention) - not a member.
6. Customs Convention on Containers (CCC, UN) - not a member.

African Trade and Economic Organizations:

1. Economic Commission for Africa (ECA);
2. African Union (AU)
   1. African Union Convention on Preventing and Combating Corruption;
   2. African Union Development Agency (AUDA-NEPAD).
3. African Development Bank (AfDB);
4. Africa-Asia Strategic Partnership (NAASP);
5. Africa-Korea Partnership;
6. Africa-Japan Cooperation (TICAD);
7. Africa-South America Summit (ASA);
8. Afro-Arab Cooperation;
9. Arab Bank for Economic Development in Africa (BADEA);
10. Forum on China-Africa Cooperation;
11. Africa-India Framework for Cooperation;
12. Africa-BRICS (Brazil, Russia, India, China, South Africa);
13. Africa-Turkey Partnership.

Global Economic Organizations:

1. World Bank (WB);
2. World Trade Organization (WTO);
3. International Monetary Fund (IMF);
4. United Nations (UN)
   1. Conference on Trade and Development (UNCTAD);
   2. International Trade Centre (INTRACEN);
   3. World Intellectual Property Organization (WIPO).

The Republic of Seychelles (Africa).

1. Seychellois Area: 455 square kilometers;
2. Seychellois Capital: Victoria;
3. Seychellois Population: 94,000g
4. Adult literacy rate: 96%;
5. Official Languages of the Seychelles: Creole, English, and French;
6. Independence of the Seychelles: 1976 (United Kingdom);
7. Type of Government: Socialist Multi-Party Republic;
8. Civil Law of the Seychelles: based on the French Napoleonic Code. Criminal law: based on the British laws;
9. Nearest countries to the Seychelles: Mozambique, the Comoros, and Mauritius.

Religion: 86% of Seychellois are Catholics.

The Seychelles belongs to the Eastern African Economic Area (African Civilization).

More information about the Seychelles (EENI African Business Portal).

Economy of the Seychelles:

1. Seychellois GDP growth: 3.5%;
2. Tertiary sector: 71% of the GDP;
3. Inflation in the Seychelles: 4.4%;
4. Top Seychellois sectors: tourism (29% of the GDP), construction, private consumption, financial and insurance services, and information and communication technology;
5. Top agricultural products in the Seychelles: copra, cinnamon bark, and tea;
6. The Seychellois Natural resources: fish, coconut, cinnamon, Petrol, and gas;
7. Top Seychellois exports: canned tuna, fish, frozen prawns, cinnamon bark, medical appliances, and metals;
8. Top Seychellois trading partners: France, Germany, Italy, Japan, South Africa, Sri Lanka, the United Kingdom, the United States, the European Union (EU), and the COMESA (Common Market for Eastern and Southern Africa) countries;
9. Currency of the Seychelles: Seychelles Rupee (SCR);
10. Special Investment Zones in the Seychelles.

(c) EENI Global Business School (1995-2023)
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